Valuation, from the filing
| Public float | $584.18M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $49.12 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 7.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
7.4× earnings today, against a median of 9.0× across 10 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $584.18M | 7.4× | |
| 2024-06-30 | $3.99M | 0.1× | |
| 2023-06-30 | $358.01M | 5.9× | |
| 2022-06-30 | $490.67M | 6.9× | |
| 2021-06-30 | $491.92M | 9.3× | |
| 2020-06-30 | $471.72M | 8.8× | |
| 2019-06-30 | $457.53M | 9.4× | |
| 2018-06-30 | $511.95M | 11.0× | |
| 2017-06-30 | $515.44M | 17.7× | |
| 2016-06-30 | $405.52M | 10.6× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the State Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Effective tax rate | 19.8% | 32th |
FIRST FINANCIAL CORP /IN/ (THFF) reported net income of $84.76M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from FIRST FINANCIAL CORP /IN/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | Unavailable |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | Unavailable |
| Net income | $84.76M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $104.87M |
| Income tax expense | $20.11M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | Unavailable |
| Total assets | $6.18B |
| Current assets | Unavailable |
| Total liabilities | $5.50B |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $675.78M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | $98.23M |
| Long-term debt | $291.46M |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $97.32M |
| Capital expenditures | $4.27M |
| Investing cash flow | -$224.18M |
| Financing cash flow | $126.24M |
| Net change in cash | -$632.00K |
| Stock-based compensation | Unavailable |
| Common dividends paid | $25.40M |
| Common share repurchases | $332.00K |
| Depreciation & amortization | $11.80M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $93.04M |
| Gross margin | Unavailable |
| Operating margin | Unavailable |
| FCF margin | Unavailable |
| SBC / revenue | Unavailable |
| Current ratio | Unavailable |
| Revenue YoY growth | Unavailable |
| Net margin | Unavailable |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 0.43x |
| Effective tax rate | 19.2% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open THFF in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.